1 March 2011Insurance

The eye of the storm

Energy company BP has now said that the final cost of paying the clean-up costs and compensation relating to the Deepwater Horizon oil spill tragedy in the Gulf of Mexico will total some $26 billion. Some believe ongoing compensation claims could still inflate this figure. The incident has focused the spotlight on the use of selfinsurance and captives among corporates.

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Insurance

APAC engineering insurance opportunity grows, but risk mitigation must come first: Swiss Re

5 November 2026 Asia’s infrastructure boom offers insurers fresh business, but complex projects risk cascading losses and potential gaps after construction. Swiss Re’s Jimmy Lim tells SIRC Today.

Insurance

AIG pulls back from full-year growth target as pricing pressure mounts

5 November 2026 Excess capacity and pricing pressure reshape its appetite across key markets.

Insurance

Optio taps former Canopius executive to lead Asia-Pacific expansion

5 November 2026 Will support broader specialty underwriting and new business opportunities across the region.